ESG JOURNEY WITH SHI

Samsung Heavy Industries will sail more vigorously to create sustainable value & a better future.

Our Commitment

we share our commitment for ESG management by establishing visions, targets and systems and continuing to conduct improvement activities.

Enviornmental

We strive to minimize the environmental impact and contribute to creating an eco-friendly society.

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Social

We strive to respect the values of stakeholders and fulfill social responsibility.

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Governance

We will continue to practice responsible business management based on transparent and sound governance system that can serve as corporate growth.

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ESG Highlights

Shutdown of Geoje Shipyard's Incinerator and Supplementation of sorting facility (3Q, 2023)
Restoration of Green Space in Uninhabited Islands and Nearby Ecosystem Project Implementation within Geoje Shipyard (2Q, 2023)
Introduction of internal carbon pricing (3Q, 2023)
Enactment of Environmental Management Policies Including biodiversity and prohibition of deforestation (4Q, 2024)
Conversion rate to Electric Vehicle, 20% (accumulated, 2024)
Introduction of Solar Power Generation(0.1MW) at Daedeok Research Center in Daejeon (4Q, 2023)
Climate Change Scenario Analysis (2Q, 2024)
Introduction of LCA Analysis for LNG carriers
(2Q, 2024)
Awarded 'the Ministry of Trade, Industry and Energy Award' for Green Management Excellence Awards(4Q, 2024)
Legislation for Supplier code of conduct
(3Q, 2023)
Introduction of Human Rights Impact Assessment (1Q, 2024)
Publication of HSE report (3Q, 2024)
Legislation for Conflict Minerals Management Policy (3Q, 2024)
Introduction of Design for Safety (DfS) Review System (1Q, 2023)
Selected as the best institution for three consecutive years in three government-supported HRD business sectors, the first company to achieve(2024)
Introduction of Senior Independent Director System (3Q, 2023)
5 Committees consist of 100% Independent directors except Management Committee (Audit, Independent Director Recommendation, Internal Transction, Compensation, ESG) (1Q, 2024)
Introduction of ESG internal chief executive officer system (2Q, 2024)
UNGC Membership(2Q, 2023) and ISO 37301/37001 Integral Certification (3Q, 2023)
  • ISO 37301(Compliance Management System)
  • ISO 37001(Anti-Corruption Management System)
ISO 31000 certification (3Q, 2024)
  • ISO 31000(Risk Management System)
Introduction of ESG KPI/MBO (1Q, 2024)

ESG Roadmap

We have summarized the main status and plans of our ESG management roadmap.

01.
ESG Management Beginning (2021)
Establishing ESG Management Foundation
  • Establishing of carbon net zero roadmap and 7 tasks of environmental management
  • Appointed CSO
  • building Covid-19 emergency response system
  • Establishing ESG Vision, strategy, action plan
  • Establishing a virtuous cycle of ESG
    (Evaluation analysis → Task discovery/Promotion → Response)
02.
First year of ESG Management (2022 - First Half of 2023)
Substantive ESG management activities
  • Revised Carbon net zero Roadmap
  • Development of Scope 3 GHG emissions calculation method and calculation & verification
  • Joining K-EV100 (Electric Vehicle transition) and UNGC Initiative
  • Completion of the project to restore the ecological environment(uninhabited island near shipyard)
  • Establishing principles/direction of Human Rights
  • Legislating for 'Supplier code of conduct'
  • Applying ESG KPI/MBO and systematic operation of ESG improvement tasks
  • Introducing Board Skills Matrix
  • ESG Training for Executive & Directors
03.
Advanced ESG Management (Second Half of 2023-2025)
Striving to internalize ESG Management
  • Introducing internal carbon pricing in 2023
  • Closing incinerator facilities in Geoje shipyard and Introducing self-generation(solor power) in 2023
  • Introducing life cycle management (by ships), environmental Labels
  • Establighing Scope 3 target and implementation plans (green equipment, etc.)
  • Systematic operation of carbon & energy metering and reduction management
  • Human rights impact assessment and supply chain due diligence process advancement
  • Advanced AI-based smart HSE system
  • Advanced supplier's ESG assessment and support
  • Building a non-financial performance system based on ISSB
  • Link to ESG performance based Compensation (executive, employee)
  • Mapping our activities against a sustainability taxonomy(EU/Korea)

ESG Story

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